>Luxembourg has made available five million euros to Cabo Verde of the first instalment of budget support, out of a total of 17 million euros, Finance Minister Olavo Correia announced today.
>According to the minister, this amount will be divided into three million euros for the Employment and Employability sector and two million euros for the Health sector.
>The objective of this aid, continued the same source, is to contribute to the implementation of the Government’s strategic priorities, with regard to the development of the Public Health sector.
>”This, aiming to guarantee universal access to quality Public Health services and to contribute equally to the development of employment and employability conditions in Cape Verde, namely for the training sector, including technical education, through the strengthening of employability mechanisms,” Olavo Correia specified.
>The total amount of the Grand-Duchy of Luxembourg’s Budget Aid to Cape Verde is 17 million euros for the five-year period 2021-2025, of which 11 million euros for the Employment and Employability sector and 6 million euros for the Health sector.
>Therefore, the European country still needs to disburse 12 million euros in budgetary aid to Cape Verde.
>The two agreements are part of the Indicative Cooperation Program “Development – Climate – Energy”, PIC DCE (2021-2025), which was signed in July 2020 and governs the cooperation between the two countries over the next five years.
>According to Olavo Correia, Luxembourg is a “major partner” of Cape Verde, having “impactful participation” in key sectors.
>Two weeks ago, Cape Verde finished part of the Program of Support to the Water and Sanitation Sector (PASEA), funded by Luxembourg Cooperation, under the IV PIC, amounting to 13.6 million euros.
>At the same time, the chargé d’affaires of the Luxembourg embassy in Praia, Thomas Barbancey, announced that the two countries will sign early this year an agreement for 13 million euros for the sectors of local development, climate and energy, under the V Indicative Cooperation Program (PIC), said today an official source.
>The cooperation relations between Cape Verde and Luxembourg date back to the late 1980s and, in 1993, Cape Verde became a privileged partner country of Luxembourg Cooperation, after the signing, on 3 August 1993, of the first General Cooperation Agreement, which defines the general framework of cooperation activities, between the two countries, in the cultural, scientific, technical, financial and economic fields.
>Since 1999 Partnership Commissions between the two countries have been held annually, alternately in Praia and Luxembourg.
>In January 2002, the two countries signed a first four-year Indicative Cooperation Program (PIC) (2002- 2005), which has contributed to increased coherence, flexibility and sustainability in cooperation relations.
>Due to the covid-19 pandemic, the current PIC was extended for this year, and in June 2020, the two countries signed the fifth cooperation program, for the period 2022-2026, worth 78 million euros, an increase of 20 million compared to the current program.
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>Luxembourg has made available five million euros to Cabo Verde of the first instalment of budget support, out of a total of 17 million euros, Finance Minister Olavo Correia announced today.
>According to the minister, this amount will be divided into three million euros for the Employment and Employability sector and two million euros for the Health sector.
>The objective of this aid, continued the same source, is to contribute to the implementation of the Government’s strategic priorities, with regard to the development of the Public Health sector.
>”This, aiming to guarantee universal access to quality Public Health services and to contribute equally to the development of employment and employability conditions in Cape Verde, namely for the training sector, including technical education, through the strengthening of employability mechanisms,” Olavo Correia specified.
>The total amount of the Grand-Duchy of Luxembourg’s Budget Aid to Cape Verde is 17 million euros for the five-year period 2021-2025, of which 11 million euros for the Employment and Employability sector and 6 million euros for the Health sector.
>Therefore, the European country still needs to disburse 12 million euros in budgetary aid to Cape Verde.
>The two agreements are part of the Indicative Cooperation Program “Development – Climate – Energy”, PIC DCE (2021-2025), which was signed in July 2020 and governs the cooperation between the two countries over the next five years.
>According to Olavo Correia, Luxembourg is a “major partner” of Cape Verde, having “impactful participation” in key sectors.
>Two weeks ago, Cape Verde finished part of the Program of Support to the Water and Sanitation Sector (PASEA), funded by Luxembourg Cooperation, under the IV PIC, amounting to 13.6 million euros.
>At the same time, the chargé d’affaires of the Luxembourg embassy in Praia, Thomas Barbancey, announced that the two countries will sign early this year an agreement for 13 million euros for the sectors of local development, climate and energy, under the V Indicative Cooperation Program (PIC), said today an official source.
>The cooperation relations between Cape Verde and Luxembourg date back to the late 1980s and, in 1993, Cape Verde became a privileged partner country of Luxembourg Cooperation, after the signing, on 3 August 1993, of the first General Cooperation Agreement, which defines the general framework of cooperation activities, between the two countries, in the cultural, scientific, technical, financial and economic fields.
>Since 1999 Partnership Commissions between the two countries have been held annually, alternately in Praia and Luxembourg.
>In January 2002, the two countries signed a first four-year Indicative Cooperation Program (PIC) (2002- 2005), which has contributed to increased coherence, flexibility and sustainability in cooperation relations.
>Due to the covid-19 pandemic, the current PIC was extended for this year, and in June 2020, the two countries signed the fifth cooperation program, for the period 2022-2026, worth 78 million euros, an increase of 20 million compared to the current program.
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It’s good that Portuguese colonies help each other /s